Sunday, October 13, 2024

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Wynn UAE IR sets to contribute $350M of free cash flow to parent firm: CBRE

Wynn Al Marjan Island is expected to deliver a major boost to Wynn Resorts, contributing over $350 million in free cash flow (FCF) once fully stabilized, according to CBRE.

Macau gaming stocks surged following China’s aggressive stimulus package: CBRE

In a significant market rebound, shares of Macau’s gaming operators surged an average of 23.7 percent over the past week, following the announcement of China's most comprehensive stimulus package since the pandemic began, CBRE analyst commented in a recent dispatch.

SJM achieves positive EBITDA for satellite casinos for the first time since pandemic: CBRE

SJM Holdings Limited has managed to improve operation results thanks to reduced costs in satellite casinos and upgrades in its main properties, analysts from CBRE Equity Research pointed out.

Galaxy’s strong finances fuel growth in Macau and potential entry into Thailand: CBRE

Galaxy Entertainment Group (GEG) is well-positioned to 'invest heavily' in growth opportunities in Macau and potentially other jurisdictions, such as Thailand, while still returning capital to shareholders through dividends, says CBRE.

Mohegan’s outlook improved on strength of INSPIRE project: CBRE

Mohegan has seen its financial outlook improved, say CBRE analysts, thanks to progress in its South Korean project, which is ramping up revenue faster than expected.

UAE first federal lottery license ‘significant step’ to legitimize commercial gaming sector: CBRE

The United Arab Emirates (UAE) General Commercial Gaming Regulatory Authority (GCGRA) launched its official website and issued its first federal lottery license, in a move hailed as a significant step towards legitimizing the Emirates' commercial gaming sector.

Gavin Isaacs brings ‘stability and expertise’ to Entain: CBRE

The appointment by Entain of Gavin Isaacs as its new Chief Executive Officer should bring 'stability and expertise' to the global sports betting and gaming entertainment group as it embarks on its next phase of growth, indicates CBRE Equity Research.

Promising outlook for Macau gaming and SJM amid China concerns: CBRE

Despite concerns of China's macroeconomic outlook, CBRE Research has expressed optimism about the prospects for Macau's gaming market and SJM Holdings.

UAE to emerge as the next gaming frontier: CBRE

The United Arab Emirates (UAE) emerges as a promising domain for gaming aficionados and astute investors alike, according to CBRE Institutional Research.

Mohegan INSPIRE to show positive EBITDA results already in 2024: CBRE

Analysts with CBRE are forecasting that Mohegan's INSPIRE integrated resort could see EBITDA turn positive in 2024, and reach $150 million by 2027.